Maskells Estate Agents

Pre-Budget Thoughts: Housing in the UK

Posted on Monday, November 20, 2017


We need to build more homes. The original target, set in 2015, was to build 1,000,000 by the end of this parliament. This has now been replaced with a commitment to deliver 1,500,000 new homes by 2022. Housing has not been a Government priority, leaving the construction, for the most part, to the private sector. That said, in the 2016/17 financial year, the government did build 217,000 new homes, hitting it’s target for the first time - an increase of 15% from last year and 74% on four years ago. At the same time, affordable housing remained low – 41,530, about 19% of the total built last year....

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